May was another slow month for M&A in the active-lifestyle marketplace with only a few deals announced and one high-profile acquisition formally abandoned at the finish line. Now that struggling businesses are seeking a lifeline and aggressive buyers are eyeing distressed assets, was this the bottom?
April was another slow month for M&A in the active-lifestyle market as the coronavirus continued to ravage traditional business transactions, but a few deals were either announced or completed, including those from Compass Diversified Holdings (CODI), Exxel Outdoors and Vicis.
Three public companies—Compass Diversified Holdings, Sportsman’s Warehouse Holdings Inc. and Clarus Corp.—announced key acquisitions last month before the coronavirus all but stopped M&A activity. Most of the transactions that were announced came in the first half of March before social distancing took hold, the stock market collapsed, and businesses began shuttering operations and laying off employees.
BSN Sports dominated last month’s M&A activity. The Dallas, TX-based team sports apparel and equipment distributor announced a trio of acquisitions in February, bringing the company’s 2020 total to four. Also, the boutique outdoor and active lifestyle public relations firm CGPR found a new home with a larger agency in a deal that provides synergies for both.
The active lifestyle marketplace began 2020 with a high volume of M&A transactions, but the most notable story didn’t involve a done deal—just one of the highest-profile companies in the industry announcing plans to rightsize its portfolio and potentially target new assets. The January M&A Roundup examines VF’s latest move and asks what’s next?
Pelican International’s acquisition of Confluence Outdoor headlined a busy December for M&A in the active lifestyle market. It also saw ski resort operator Powdr Corp. expand into Canada and Thule Group add a maker of fly fishing rod vaults to its portfolio. SGB Executive’s monthly roundup breaks down the deals from December and includes the full list of transactions for the month.
What the active lifestyle marketplace lacked in M&A volume last month, it made up for in impact thanks to three industry-shifting deals that are sure to resonate with businesses and consumers alike. In our November M&A Roundup, SGB recaps the moves made by Snowsports Industries America, Alterra Mountain Co. and Fitbit Inc.
October was another busy month for M&A in the active lifestyle space, with footwear and apparel giant Nike Inc., outdoor retailer and gear brand Kathmandu Holdings Ltd., and sporting goods chain JackRabbit all pulling the trigger on market-shifting deals.
September was another busy month for M&A in the active lifestyle space. Notable transactions occurred in outdoor eyewear (Bollé Brands acquired Spy Optic), sporting goods retail (Sportsman’s Warehouse acquired eight Field & Stream stores from Dick’s) and recreational vehicle manufacturing (Winnebago acquired Newmar). SGB digs into the important details of each deal.
M&A heated up in the final full month of summer with several market-shifting transactions occurring in the active lifestyle space. August’s biggest moves included Camping World and Accell Group unloading non-core assets and Nike adding to its portfolio.